Five Year Summary
|
IFRS |
UK
GAAP* | |||||
|
Group Income Statement |
2007 £'000 |
2006 £'000 |
2005 £'000 |
2004 £'000 |
2004 £'000 |
2003 £'000 |
|---|---|---|---|---|---|---|
| Sales revenue | 639,203 | 578,847 | 445,232 | 225,256 | 225,256 | 129,625 |
| Cost of sales | (353,695) | (261,268) | (243,149) | (141,228) | (131,071) | (82,249) |
| Gross profit | 285,508 | 317,579 | 202,083 | 84,028 | 94,185 | 47,376 |
| Administrative expenses | (31,628) | (22,490) | (13,793) | (10,926) | (10,370) | (2,727) |
| (Loss)/profit on disposal/farm out of oil and gas assets | (597) | – | 36,061 | 2,292 | 2,292 | (952) |
| Exploration costs written off | (64,235) | (32,494) | (25,783) | (17,961) | (17,961) | (12,772) |
| Other expenses | - | - | - | (647) | (647) | (332) |
| Operating profit | 189,048 | 262,595 | 198,568 | 56,786 | 67,499 | 30,593 |
| (Loss)/profit on hedging instruments | (29,267) | 15,701 | (159) | – | – | – |
| Finance revenue | 3,095 | 3,030 | 4,367 | 3,458 | 3,458 | 2,016 |
| Finance costs | (48,673) | (17,994) | (24,197) | (13,449) | (12,960) | (8,730) |
| Profit from continuing activities before taxation | 114,203 | 263,332 | 178,579 | 46,795 | 57,997 | 23,879 |
| Taxation | (61,609) | (105,894) | (65,443) | (15,460) | (25,048) | (12,958) |
| Profit for the year from continuing activities | 52,594 | 157,438 | 113,136 | 31,335 | 32,949 | 10,921 |
| Earnings per share | ||||||
| Basic – Stg p | 7.10 | 24.23 | 17.50 | 5.88 | 6.18 | 2.92 |
| Diluted – Stg p | 6.96 | 23.67 | 17.20 | 5.81 | 6.11 | 2.90 |
| Dividends paid | 39,406 | 32,492 | 14,555 | 6,995 | 6,995 | 3,782 |
| Group Balance Sheet | ||||||
| Fixed assets | 1,789,138 | 1,755,301 | 897,602 | 649,967 | 599,728 | 193,263 |
| Net current (liabilities)/assets | (10,848) | (290,924) | (71,273) | 21,394 | 23,353 | 32,521 |
| Total assets less current liabilities | 1,778,290 | 1,464,377 | 826,329 | 671,361 | 623,081 | 225,784 |
| Long term liabilities | (1,065,620) | (697,901) | (437,310) | (295,894) | (243,997) | (109,863) |
| Net assets | 712,670 | 766,476 | 389,019 | 375,467 | 379,084 | 115,921 |
| Called up equity share capital | 71,961 | 65,190 | 64,744 | 64,537 | 64,537 | 37,784 |
| Share premium account | 128,465 | 126,075 | 123,019 | 121,656 | 121,656 | 14,198 |
| Other reserves | 210,089 | 305,412 | 60,589 | 148,591 | 148,591 | 45,593 |
| Profit and loss account | 286,668 | 269,799 | 140,667 | 40,683 | 44,300 | 18,346 |
| Equity attributable to equity holders of the parent | 697,183 | 766,476 | 389,019 | 375,467 | 379,084 | 115,921 |
| Minority Interest | 15,487 | – | – | – | – | – |
| Total Equity | 712,670 | 766,476 | 389,019 | 375,467 | 379,084 | 115,921 |
* The UK GAAP columns represents the numbers previously reported; however, the presentation has been amended to comply with IAS 1.
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